Fascinating Movements In Bonds And The US Dollar Are Now Taking Place

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We saw some fascinating movements in the US bond market and the US dollar take place this past week that have huge implications for the next move in gold.

After last week’s Federal Reserve meeting Treasury bonds sold off and so did the US dollar in the international forex market. Now, short-term bonds got bought a bit, which actually caused the yield on the two year bond to tick down, but long-term yields rose, as you can see from this chart of the ten year Treasury bond yield.